Ares Management Q2 Adj EPS $0.99, Inline, Sales $726.11M Miss $821.32M Estimate
Portfolio Pulse from totan@benzinga.com
Ares Management (NYSE:ARES) reported Q2 earnings per share of $0.99, meeting analyst expectations, but missed revenue estimates with $726.11 million against the expected $821.32 million. Despite the miss, both EPS and revenue showed year-over-year growth.
August 02, 2024 | 10:10 am
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Ares Management reported Q2 EPS of $0.99, meeting expectations, but missed revenue estimates with $726.11M against the expected $821.32M. Both EPS and revenue showed YoY growth.
While Ares Management met EPS expectations, the significant revenue miss could weigh on investor sentiment. However, the YoY growth in both EPS and revenue may provide some support, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100